S 2801 117th Congress Senate Government Operations and Politics Administrative law and regulatory procedures Competition and antitrust Competitiveness, trade promotion, trade deficits Economic performance and conditions Inflation and prices Judicial review and appeals

SMART Act of 2022

Introduced: September 22, 2021 See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 19, 2022

Placed on Senate Legislative Calendar under General Orders. Calendar No. 672.

Dec 19, 2022

Committee on Homeland Security and Governmental Affairs. Reported by Senator Peters with an amendment in the nature of a substitute. With written report No. 117-273.

Feb 2, 2022

Committee on Homeland Security and Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

Sep 22, 2021

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sep 22, 2021

Introduced in Senate

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Plain-English summary Congressional Research Service

Setting Manageable Analysis Requirements in Text Act of 2022 or the SMART Act of 2022

This bill requires agencies, when publishing a proposed or final major rule, to include a framework for assessing whether the rule achieves its regulatory objective. An agency must assess a rule in the time frame included in the framework. The assessment must compare the rule's anticipated and actual benefits and costs.

The bill defines a major rule as a rule likely to cause (1) an annual effect on the economy of $100 million or more; (2) a major increase in costs or prices; or (3) significant adverse effects on competition, employment, investment, productivity, innovation, health, safety, the environment, or the ability of U.S.-based enterprises to compete with foreign-based enterprises.

What's happening now December 19, 2022

Placed on Senate Legislative Calendar under General Orders. Calendar No. 672.

Bill text 2 versions